Point72 Asset Management L.P. Acquires 315,008 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Point72 Asset Management L.P. grew its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 349.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 405,274 shares of the company's stock after buying an additional 315,008 shares during the period. Point72 Asset Management L.P. owned approximately 0.36% of Sigma Lithium worth $4,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new position in shares of Sigma Lithium during the 4th quarter worth approximately $27,000. U S Global Investors Inc. boosted its holdings in shares of Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after buying an additional 7,000 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Sigma Lithium during the fourth quarter worth approximately $142,000. Handelsbanken Fonder AB acquired a new position in shares of Sigma Lithium during the fourth quarter worth approximately $160,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Sigma Lithium during the fourth quarter worth approximately $185,000. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Price Performance

Shares of NASDAQ:SGML opened at $5.99 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a twelve month low of $5.85 and a twelve month high of $19.20. The stock's 50 day moving average is $8.80 and its 200-day moving average is $10.89. The firm has a market capitalization of $666.57 million, a price-to-earnings ratio of -12.48 and a beta of 0.30.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The firm had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Sell-side analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Sigma Lithium Company Profile

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

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